Job Vacancy Details
Senior Accounting And Reporting Specialist
Financial Services
International Locations
Permanent
Updated August 23, 2008
Within Corporate Control the Policies & Directives Group is responsible for the establishment and communication of the accounting policies of the Philips Group. The activities of the group are:
1. Develop and maintain Philips Accounting Policies and Directives. The purpose is to maintain an efficient and easy to apply framework of accounting principles that allows Philips:
- to ensure Philips Accounting Policies and Directives comply with US GAAP and IFRS
- to meet external reporting requirements in an efficient and timely fashion,
- to have necessary information for internal decision making and performance management available, and
- to respond to changing information needs both inside the company and in the global financial markets.
2. Monitor and support uniform interpretation and application of Philips Accounting Principles to ensure consistency in internal and external reporting and to safeguard Philips interests in case of reviews by regulatory agencies (SEC, AFM).
3. Assist in reviewing the financial statements in the Philips Annual Report and Form 20-F and ensure compliance of US GAAP, SEC rules and IFRS.
4. Provide support to the Board of Management, Product Divisions and Corporate Staff departments in the application of Philips Accounting Principles and provide advice on the developments in external accounting standards and their relevance for Philips. Consult with external auditors and regulators on the implementation and interpretation of new accounting standards. Advise on reporting issues and accounting standards in due diligence, post merger integration, disentanglements, impairment-reviews etc.
5. Participate and/or provide training courses for finance staff on complex accounting issues and new policies and directives.
Your Responsibilities
- Developing and/or updating accounting policies and directives and preparing related instructions on the basis of external developments (new standards) and internal business requirements.
- Advising reporting units on the application and interpretation of accounting policies.
- Reviewing internal reporting to ensure compliance with the company's accounting policies and directives, US GAAP, SEC rules and IFRS.
- Participating in working groups dealing with complex accounting matters.
- Assisting in preparation of selected sections of the external financial statements
Who we're looking for
- Academic background in accounting with relevant professional qualification (Registered Accountant, CPA or equivalent).
- Experience in financial reporting and/or auditor role (Big 4 background preferred).
- In-depth knowledge of accounting standards and active interest in new developments in this area.
- Strong communication skills and an ability to communicate effectively with non-specialists.
- Team player with ability to work under high pressure.
- Understanding of and sensitivity to business environment.
About our client
Royal Philips Electronics of the Netherlands is a global leader in healthcare, lifestyle and technology, delivering products, services and solutions through the brand promise of "sense and simplicity".
Headquartered in the Netherlands, Philips employs approximately 121,700 employees in more than 60 countries worldwide. With sales of EUR 27.0 billion in 2006, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, personal care and home appliances, as well as consumer electronics.
80,000 registered patents illustrate the innovative nature of the company. In a world in which technology increasingly touches every aspect of daily life, we want to bring 'sense & simplicity' to consumers with advanced, easy to use products that are designed specifically to meet their needs, wherever in the world they may be.
Corporate Control is the Corporate Staff department of Royal Philips Electronics with responsibility for the financial and management accounting activities of the company.
Corporate Control aims to provide cost effective, reliable and meaningful information in order to enable stakeholders to have insight in the Philips performance, and support the BoM, GMC and Supervisory Board in their decision-making. It aims to maintain a world-class control function worldwide. Corporate Control provides functional training on accounting and control processes and methods and facilitates the Management Development process for the Finance function.
Corporate Control offers functional guidance to the Product Divisions and Businesses with respect to accounting and control issues and is Philips' leading competence center with regard to the definition of adequate accounting policies/procedures, and to ensure external and internal compliance.
What's on offer
€75k to €95k per annum including holiday allowance, 13th month and bonus
+ 2% levensloopvergoeding
25 holidays + 13 ATV
Pension fund fully compensated by Phillips
Collective Health insurance
Michael Page Contact
Job Ref: AWFA134741
Your application will be sent to Frederic Anquetil.
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